Overstock

After MIT Find Vulnerabilities, Medici Ventures Defends Blockchain Voting App Voatz

Jonathan Johnson, CEO of Overstock and president of Medici Ventures, has issued a statement supporting blockchain in voting in response to the technology’s vulnerabilities claims published on Feb. 13. Emerging technologies got in the crosshairs of regulators when a mobile software application that had been devised to help calculate the total number of votes in …

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Overstock-Funded Bankorus Has No Money or Staff, Says $1M Shareholder

The largest shareholder in Overstock-funded blockchain wealth management startup Bankorus has claimed that the firm has no money left. In a statement issued on Oct. 6, Sonic Zhang said that previous funding deals for Bankorus had fallen through and that all its employees have resigned. Zhang: Bankorus “has run out of cash” As a contributor …

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Overstock Appoints New CEO, Remains Committed to Blockchain Business

Online retail giant Overstock has announced that Jonathan Johnson – who’s led the firm in a temporary role since the shock departure of its previous chief executive Patrick Byrne – is now its permanent CEO. In an announcement emailed to CoinDesk Monday, the company said Johnson had been appointed by its board, having served as …

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Don’t Worry, Overstock’s New CEO Is Already ‘Drunk on Bitcoin’s Kool-Aid’

Digital retail platform Overstock.com’s new CEO is not planning any major changes to the company’s blockchain efforts after the departure of its founder. Patrick Byrne, the now-former CEO of Overstock, made headlines Thursday after announcing his resignation as both the head of his company and a member of its board. He wrote in a letter …

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TZERO Officially Launches Public Security Token Trading оn Schedule

Retail giant Overstock’s blockchain subsidiary company, tZERO, has opened up its preferred equity security tokens — dubbed TZROP — for trading by accredited and non-accredited investors. TZERO announced the news in a press release on Aug. 12, the previously proclaimed day of the launch. According to the announcement, the TZROP token allows investors to directly …

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Overstock Will Open tZERO Security Token Market to Retail Traders Next Week

Overstock is opening up trading on its security token market, tZERO, to all comers. Retail investors will be able to trade on the platform starting Aug. 12, tZERO CEO Saum Noursalehi told CoinDesk. At that point, the one year lock-up period for tZERO’s 2018 security token offering (STO) will pass. While the platform went live in January, …

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tZERO Patents Tech for Recording Trades on Public Blockchains

Security token trading platform tZERO has been awarded a patent for a way of recording trading data on public blockchains. The company, a subsidiary of retail giant Overstock, announced Tuesday that the patent for its new tech, dubbed “Time Ordered Merkle Epoch (TOME) methodology,” had been awarded by the U.S. Patent and Trademark Office. The …

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tZERO Launches Second Digital Security to Trade on PRO Securities ATS

tZERO, a blockchain company focused on capital markets, announced today that the Digital Voting Series A-1 Preferred Stock is the second digital security available for trade on its PRO Securities ATS, an SEC registered alternative trading system. Listed as OSTKO – formerly OSTKP – it is available on the non-exchange venue that matches buyer and …

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Hong Kong Fund’s Projected $400 Million Overstock Investment Ends With $5 Million Close

GSR Capital has finally closed on its investment in tZERO, Overstock.com’s security token trading platform, after months of delays and revisions to the deal. Instead of buying $30 million of tZERO tokens, as previously agreed, the Hong Kong private equity fund invested just $5 million in tZERO equity, in the traditional form. The finalized transaction valued …

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Florincoin – the 2014 Altcoin You Don’t Remember – Is Attracting Real Users

One of the most recognizable names in the crypto space (and perhaps even outside of it) is using one of the least recognizable blockchains. Overstock.com subsidiaries Medici Ventures and tZERO have been utilizing the FLO blockchain for some time in work aimed at re-organizing property rights. At one time, a video of the tZERO homepage …

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